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Lacey Named Tessera Technologies CEO

SAN JOSE, Calif., Dec. 20, 2013 — Thomas Lacey, who had served as interim CEO of Tessera Technologies since May, was appointed to the position permanently effective Dec. 10.

Lacey also will continue to serve on the board of directors, which he joined in May.

From May 2011 through April 2013, Lacey was chairman and CEO of Components Direct, a provider of cloud-based product life-cycle solutions. Previously, he served as president, CEO and as a director of Phoenix Technologies Ltd., a PC software provider, and before that was the corporate vice president and general manager of the SunFab Thin Film Solar Products group of Applied Materials Inc.

He also hasy held top management positions at Flextronics International's Components Div. (now Vista Point Technologies), International Display Works, Intel Corp. and Flash Products.

"The board undertook a comprehensive CEO search, a process which included Tom as a candidate," said Tessera board Chairman Rick Hill. "Given the complexity of our business with both the Intellectual Property and DigitalOptics business segments, as well as the changing intellectual property landscape, we determined Tom has the right experience, leadership abilities and business acumen to guide Tessera through the opportunities that lie ahead. We have been very pleased with the company's progress while Tom served as interim CEO, and we are gratified that he has agreed to lead the company as we work to drive Tessera toward long-term sustainable growth and profitability."

Lacey holds a bachelor's in computer science from the University of California, Berkeley, and an MBA from the Leavey School of Business at Santa Clara University.

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